Week 2 Day I (Monday) Harvard University
Every day, brings new learning.... so what if the School was closed on Sunday, I did still learn something.... I learnt
- how to operate a washing machine,
- a dryer
- and the next lesson which I conveniently post-poned, is to learn to Iron.
Will keep you posted on the key learnings on this one.
That's what HBS teaches you to do - over the weekends.
The weather outside was bitter cold, about -9 degrees Celcius, but it felt like -20 degrees. So most of us stayed indoors and caught up on the housekeeping stuff.
Well, starting this week the tone of the classes have changed from being tactical to more strategic, more complex. It was interesting to seek examples from our lives and see them applied to real situations.
We underwent Hays poll, to determine where our strengths lie. The process was to identify your leadership style and score them on
- Need for Achievement,
- Need for Power and
- Need for affiliations.
For tomorrow, we have an interesting role play charted out, each of us have been given a confidential role and data points. We will be playing against each other, with these data points and enter into negotiations and try to close the deals. It promises to be interesting one, will keep you folks updated, with the details tomorrow.
Key learnings for the day.
1. The benefits and imperatives of Activity based costing (ABC).
2. Learnt a lot of financial ratios, their meaning and their significance in our day to day life - TIE, ROE, ROS, WC, Leverage, DE ratios etc. Learnt that, there are various definition of profits, sustainability, and to use any one in absolute terms would not be the most appropriate method.
3. Employees may be appraised on Performance, however, leadership positions requires evaluation on Performance AND Fitment. The senior you go, more critical is the value of fitment.
Every day, brings new learning.... so what if the School was closed on Sunday, I did still learn something.... I learnt
- how to operate a washing machine,
- a dryer
- and the next lesson which I conveniently post-poned, is to learn to Iron.
Will keep you posted on the key learnings on this one.
That's what HBS teaches you to do - over the weekends.
The weather outside was bitter cold, about -9 degrees Celcius, but it felt like -20 degrees. So most of us stayed indoors and caught up on the housekeeping stuff.
Well, starting this week the tone of the classes have changed from being tactical to more strategic, more complex. It was interesting to seek examples from our lives and see them applied to real situations.
We underwent Hays poll, to determine where our strengths lie. The process was to identify your leadership style and score them on
- Need for Achievement,
- Need for Power and
- Need for affiliations.
For tomorrow, we have an interesting role play charted out, each of us have been given a confidential role and data points. We will be playing against each other, with these data points and enter into negotiations and try to close the deals. It promises to be interesting one, will keep you folks updated, with the details tomorrow.
Key learnings for the day.
1. The benefits and imperatives of Activity based costing (ABC).
2. Learnt a lot of financial ratios, their meaning and their significance in our day to day life - TIE, ROE, ROS, WC, Leverage, DE ratios etc. Learnt that, there are various definition of profits, sustainability, and to use any one in absolute terms would not be the most appropriate method.
3. Employees may be appraised on Performance, however, leadership positions requires evaluation on Performance AND Fitment. The senior you go, more critical is the value of fitment.
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